Beautiful transformation and made great money!

Hey Nathan,As a young guy, seeing this transformation for your first property is really exciting and motivating.

Beautiful transformation and made great money!

You can transform a space that you merely use for storage into a cash-flowing rental to subsidize your mortgage, your bills and other household expenses.My journey to house hackingIn Spring 2022, my neighbor mentioned he had started renting out the Accessory Dwelling Unit (ADU) on his property on AirBNB.

It's amazing how they can transform with a bit of TLC.

The appreciation of this property by 48.25% (129,000 sale price -10,000 closing costs - 80,000 we bought it for/80,000 = 48.75%) in just two years stood as a testament to the transformative power of real estate investment.See the house here: https://www.realtor.com/realestateandhomes-detail/723-169th-...P.

I plan to transform an undervalued single-family home into a 'Pretty Good House' that balances being eco-friendly, affordable, and comfortable, all while keeping its charm.

You should work with your CPA on this to make sure you're on the same page.Theoretically, you could if you have a repair business, for example, but, as you said, you would have to report income on the other side, which would transform passive income to active income subject to SE.

The potential for significant value addition through strategic renovations and the opportunity to transform underutilized properties into desirable homes sparked my interest.

In fact, the whole week is cheaper than it would be just to vacation there on your own because I already own the houses and the vehicles that we are going to be using.I would say the things that have been the greatest value in mastermind groups to me are the little things that are shared between group members that can completely transform someone’s business.